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Principal Global Div Inc A PGBAX

Analyst rating as of
NAV / 1-Day Return
13.65  /  0.15 %
Total Assets
4.4 Bil
Adj. Expense Ratio
1.010%
Expense Ratio
1.010%
Fee Level
Average
Longest Manager Tenure
11.75 years
Category
Allocation--15% to 30% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Low / Limited
Status
Open
TTM Yield
4.30%
Turnover
Premium

Morningstar’s Analysis

Will PGBAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Principal Global Diversified Income’s Recent Process Tweak Does Not Affect Its Ratings

Associate Director

Analyst Note

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On Aug. 16, 2021, Principal altered the makeup of Principal Global Diversified Income’s U.S. large-cap equity sleeve. Instead of focusing solely on the highest-yielding firms, that sleeve now ranks positions by market cap and incorporates growth factors, though all holdings still must pay dividends. The firm also rebranded that allocation from U.S. Shareholder Yield to U.S. Equity. The changes do not affect the strategy’s Morningstar Analyst Ratings, which range from Neutral to Negative depending on the share class.

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